ETF Greenlight? Government Shutdown Deal Could Trigger Massive XRP Rally
The DTCC listing of nine spot XRP ETFs, coupled with a potential Senate deal to end a government shutdown, could accelerate SEC review and boost XRP's price.Summary
The US Depository Trust & Clearing Corporation (DTCC) has listed nine spot XRP Exchange-Traded Funds (ETFs), including filings from Bitwise and Franklin, signaling market readiness for a potential November launch pending SEC approval. This development coincides with progress in the US Senate to halt a government shutdown, which could restore SEC staffing and speed up the review process for these ETFs. Analysts suggest this could push XRP's price to a high of $2.46, with some targeting $3 by Q1 2026, especially if the SEC litigation resolves favorably by year-end. Technical analysis shows XRP has broken above its 50-day moving average, with support at $2.0 and resistance at $2.5. JP Morgan estimates that a successful ETF launch could attract $3-5 billion in inflows, significantly boosting institutional appeal for XRP, although caution remains due to regulatory uncertainty.
(Source：BeInCrypto)